Rs 58/Share Dividend Approved: Small Cap Jewellery Stock Gains 88% In 6-Months

Small cap company from the Gems, Jewellery & Watches industry, KDDL Ltd shares rallied 1.11% in trade today on BSE after its Board of Directors considered and declared an interim dividend of Rs 58 per equity share (i.e. 580%) of Rs 10/- each for the financial year 2023-24. KDDL shares gained 160% in last 1-year span.

The company has already fixed January 26, 2024 as the record date for interim dividend. Check details below:

KDDL Declares Interim Dividend: As per the regulatory filing of the company dated Jan 18, 2024, "Please be informed that the Board of Directors of KDDL Limited ("the Company") at its meeting held on Thursday, 18th January, 2024 has, inter alia, considered and declared Interim Dividend of Rs. 58 per equity share (i.e. 580%) of Rs. 10/- each, for the financial year 2023-24."

KDDL Sets Record Date For Interim Dividend: As per BSE filing of the company dated Saturday, Jan 13, "Pursuant to Regulation 42 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that "Record Date" for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim dividend for the financial year 2023-24, will be Friday, 26th January, 2024, if declared by the Board, added the BSE filing of KDDL Ltd."

KDDL Ltd Stock Performance & Return: The 52-week high price of KDDL Ltd share on BSE is Rs 3,110.00 apiece and 52-week low price is Rs 984.65 apiece, respectively. The company has a market capitalisation of Rs 3,548.74 crore. KDDL shares fell 2% in last 2-weeks, gave return of 88% in last 6-months, and rallied 191% in last 2-years. In last 3-years, KDDL stock offered return of 1153% and rose 3714% in last 10-years.

KDDL Ltd Financial Performance: The company for the quarter ended September 30, 2023 announced its net sales at Rs 92.74 crore, up 23.82% as compared to Rs 74.90 crore in the corresponding quarter of last year. Its quarterly net profit announced at Rs 16.05 crore for the quarter under consideration, down 39.3% from Rs 26.44 crore in September 2022. The company's EBITDA announced at Rs 27.18 crore in September 2023, down 30.61% as compared to Rs. 39.17 crore reported in the similar quarter of September 2022. Its EPS fell to Rs 12.80 in September 2023 from Rs 20.76 in September 2022.

KDDL About: KDDL is one of the leading companies of India engaged in the manufacture of watch components, high quality precision stamped components and progressive tools for a wide range of engineering applications. KDDL also owns the largest retail chain of luxury watches in India through its subsidiary, Ethos Limited.

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